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Search Results 0 to 12 of about 13 (some duplicates have been removed)
in history over the course of more than a decade he stole $65 billion for many investors all over america and europe. .. when did you first hear of bernie madoff? i and and yet a legitimate business and then had this ponzi scheme. >> guest: 1987 when i was in over-the-counter market manager. >> host: what does it mean to be in the over-the-counter market manager? >> guest: it is a brokerage firm we but trade securities on exchange through the computer system and was computers and phone calls back in the day and in the late 80's and he was a legitimate market maker, he was a baby will street. i knew him as a broker-dealer, dominant in the counter market. i didn't realize he was managing money until the late nineties and it was on my radar screen looking back in late 99i said to the consent frank on my team to new york to meet this madoff and he said he seemed unusual and was in the drift of state which is the arms market state and wanted to find out what he was doing and he came back with a tear sheet marketing if he will and in five minutes i knew it was a fraud. >> host: how did you know
to terrorists, obviously you are raising a touchy subject in america today, in fact a few years ago we had started this interview with mark, why do you hate america? >> guest: it is exactly right, a very touchy subject and painful for many people. that is understandable. we all remember 9/11, and it is hard to get past 9/11. i'm not talking about talking to al qaeda. i am not talking about talking to dead enders, revolutionaries, people who want to burn it down. al qaeda does not have the constituency. they are just a revolutionary network. people aren't talking about talking to hamas, hezbollah and the muslim brotherhood, the three most powerful influential movement in the middle east, the great middle ground of islam that we should recruit to our side in the war on terrorism. not al qaeda. al qaeda deserves one outcome and that is to be defeated and to be tracked down wherever they are and to be eliminated. i believe that firmly but the other groups, it is not the case. they can be our allies and they should be. >> host: the initial title of your book in approach probably tracks with wha
of north america. is it all just about corporate access to natural resources or is it also about tribal people having forms of social organizations that are not completely determined by capitalism and capitalism can't stand anything less than total control? >> i think it is both things. it's very, very interesting that at least in asia if you look at afghanistan, waziristan, the northwest front provinces, northeastern states of india and this entire belt which i've been talking about it is the tribal regions that are up, risen up in revolt in afghanistan that rebellion is taking the form of radical islam and the radical communism. but the assault on them is for the same reason. it is to control you politically as well as could be the control and capture resources. it is a corporate attack. and it is possible in those areas because they have an imagination outside this bar coded capitalist society that everybody else lives in and that is the one thing about india is still wonderful that there is a wilderness still there. there is an imagination of sight of this and that is why there is a
wanted to in the first place certainly in your up the idea was this was america's problem and it should be the americans who do most of the heavy lifting when it comes to the money. the americans have put in the money more in jordan and syria because it's been difficult because the relationship between the two places. washington and damascus to put money into syria. there has to be a sort of different routes to do that because america cannot -- because congressional sanctions cannot put money directly into damascus and life even though you and worries how much longer the international community will support this population. and there is no indication they are going home any time soon. >> host: on that note both jordan and syria, the two places of the of the largest number of refugees constantly talk about the strain the refugees have caused on the social systems on schools and health care and they have received some of this international aid. for a long time they tried to pressure washington to provide more aid and iraqis have provided a measly sum of 25 million. how much of a strain to
in america today in fact someone a few years ago more started this interview off by saying why do you hate america. >> guest: it is a very touchy subject and painful for many people in it that is understandable. we all remember 9/11 and it's hard to get past 9/11. i'm not talking about al qaeda. i'm not talking about talking to the dead in the revolutionaries, people who want to burn it down. al qaeda doesn't fit constituency. they are just a revolutionary that work. people are not talking about talking to hamas, les hezbollah. the three most influential organizations and movements in the middle east. the great middle ground of islam that we should recruit to the war on turkoman notte al qaeda. al qaeda deserves one outcome and that is to be defeated and tracked down wherever they are and to be eliminated. i believe that firmly but for the other groups that is not the case. they can be our allies and should be. >> host: the initial title of your book is with what i would call the popular perception which is we don't talk to terrorist but the reality has been over the years u.s. policy was
investors all over america and europe. so, harry, you are a chartered financial analyst chartered-holder as well as a certified fraud analyst. and you have a background in the financial industry and then as an independent fraud investigator. tell us a little bit about what this means? what does it mean to the analyst that you described yourself financial analyst? .. depending on how you look at it and then he built as broad a ponzi scheme. >> guest: i first noticed in 1987 when i was an over the town it market maker. >> host: what does it mean to be in over-the-counter market maker. >> guest: my parents owned a firm, through a computer system called the nasdaq and it was done with a combination of computers and phone calls back in the day in the late '80s and he was a legitimate market maker, he was a big presence on wall street so i only knew him as a broker-dealer, very much a dominant player in the over-the-counter market. i didn't realize he was managing money probably till the late 90's and it was on my reader screen in late 99 imad franc in new york to find out about this ma
and a few years ago i may have started the interview off saying why do you hate america? [laughter] >> guest: you are right. it is painful and that is understandable. we all remember 9/11 and it is hard to get pass that pro i am not talking about talking to al qaeda for the revolutionaries the people who want to burn as down but al qaeda does not have a constituency it is a revolutionary network but people are hamas, hezbollah and the muslim but brotherhood the most to influential movements in the middle east of the great middle ground of islam that we should recruit to our side with the war on terrorism pro al qaeda deserves to be tracked down and i believe that firmly but the other groups is a great case. >> the approach the popular perception we don't talk to terrace but the reality is over the years the u.s. policy is we don't talk to terrace but we make no concessions. we can negotiate but no concessions. i guess the more interesting issue was if you talk and not make concessions, what is that? >> you are exactly right. the african national congress, plo, you can go down the list of org
. it was a piece of america venture investing and purity of the protective put option that will protect you against downside risks up it went down. what she didn't diversify away from his manager progress. so you never placed on your money with just one manager in one strategy and the pop obligation to hedge funds have been touted somewhere between 0% and 25%. if you're the average person on the streets even for retirement, probably zero. and some people are in between, but the 100% all in an hedge fund strategy that she didn't understand, that makes no sense. if you'd understand the strategy or what the routines are coming from, don't invest in it. >> host: did markets work and the end? you know, this is a story, as you said this several times, and the book people didn't put their money in the madoff in some cases and most people were reported. people who put their money and madoff are punished. was this an example of markets working belatedly in kansas city for a two-week deadline for markets to work if that's the case? when is the cut off? you can say if the bears piece had run a couple months l
it out of america's missouri. do we need new laws and rules or do we need to change the way we execute these rules for a sample you talk about getting rid of the lawyers, making sure that these people have experienced the are paid better, should it be more like the foreign service where after you have done some time on wall street you kind of get back and do try to use your knowledge to figure out what is a long or would that is to be another case of people from within the industry protecting their own capture? how do you in the and how do you fix the problem of there is always going to be more money on wall street than there is government? >> guest: you need new rules, you need to bring over-the-counter derivatives. you need to regulate hedge funds because they will get new rules and new power and put big firms down, killed the big firms said they are not too big to fail. unless you have a new regulatory scheme right now you have seven different regulators consider a different computer systems, these powerful financial arms, a broker-dealer arm, asset management arm and a hedge fund t
was selling out fundamentalist values and it's time america was the only superpower and to make strides. what would you say in this argument about this american responsibility and opportunity to save time during the defining moment in the balkans? >> guest: that situation was brought about in russian eyes and i do not defend the russian policy is, however, i am a stand how russians would have come to the conclusion and did. it started with the expanding nato to other countries. after all nato expansion to the east was of the warsaw pact countries began before that, my point is that we could have gotten more russian cooperation. i believe and either controlling milosevic and the serbs or else of voting in the u.n. for united action to protect them, if we had not begun expansion of nato for no good reason and to lay at the then domestic politics and united states and that's why at the time i very much opposed the expansion of nato now in that we had convinced gorbachev to allow east germany in a united germany to stay in nato with the promise that nato would not move to the east. now, that is n
not that they wanted to in the first place but in europe the idea was it was america's problem and they should do the heavy lifting. tried to pressure washington and the iraqis provided 25 million how much of a strain is on the country and is there a way to separate the political use of the refugees from the actual impact they have? >> guest: it is very difficult to separate. they have all to stop the numbers when it suited them. jordan has made very good deals on how their schools will be funded they essentially said any program you do for iraqis you must also do for the dirty dancing and they have benefited they are some of the best in baghdad who were run out by militants the university offers all instruction in english with a tuition that is about $7,000 rare in ago but may cost 33,000 to get their child into eight equivalent college said they do have some benefits of these people would also both governments subsidized water, gasoline, bread, educ ation and it has been a strain on both governments so there is a good and bad and both have learned how to play the refugee game and both countries
Search Results 0 to 12 of about 13 (some duplicates have been removed)